$6,500,000 SALE
Retail
6,800 SF
113 Lenox Avenue
New York, NY 10026 Mixed-Use Commercial Building For Sale



Coldwell Banker Reliable Commercial Division is pleased to offer for sale 113 Lenox Avenue in the Harlem section of New York City. This new construction elevator building is situated on a 20 x 85 ft. lot zoned R7-2/C1-4 and encompasses a total of 6,800 square feet. This mixed-use property includes 3 stories and a lower level with 20 ft. of frontage and a depth of 85 ft. a mix of retail and professional space. The zoning allows for residential use so a conversion to residential use could be an option. The property is located in prime Central Harlem and represents an excellent investment, owner-operator or development opportunity with close proximity to public transportation, roads and many national retail tenants along West 116th Street, Lenox Avenue as well as Adam Clayton Powell Jr. Blvd. For a property tour or additional information, please contact the exclusive broker.


Property Type Retail
Property Use Rental or Investment
Year Built 2019
Level Number 3
Lot Dimensions 20 x 85
Max Continuous Area 6,800
Min Divisible Area 1,700
Zoning R7-2/C1-4
Cap Rate Percentage 4.93
Listing ID FNQDZM
MLS ID CBRC113
Additional MLS 430274
Style Retail – Street Retail
Building Size 6,800 SF
Lot Size 1700 SF
Available Date May 24th, 2019
Taxes $45,279
Area Description

Area Description: Harlem is a neighborhood in the northern section of the New York City borough of Manhattan. It is bounded roughly by Frederick Douglass Boulevard, St. Nicholas Avenue, and Morningside Park on the west; the Harlem River and 155th Street on the north; Fifth Avenue on the east; and Central Park North on the south. It is part of greater Harlem, an area that encompasses several other neighborhoods and extends west to the Hudson River, north to 155th Street, east to the East River, and south to 96th Street.

Region: New York

Region: New York

Region: United States

Region: Harlem

Property Features
Location Name: Harlem
Fee 1 Type: Est Water/Sewer
Fee 1 Frequency: Annual
Fee 1 Amount: $5,000
Fee 2 Type: Est Insurance $ Yr
Fee 2 Frequency: Annual
Fee 2 Amount: $10,000
Fee 3 Type: Electric
Fee 3 Frequency: Annual
Fee 3 Amount: $2,500
Age: New Construction
Financials
Gross Income: $408,000
Expenses: $87,259
Additional Media